Viewpoints

Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.

Article 21 - 30 of 204
Sep 13, 2023

Coldwell Banker Commercial Danforth Finalizes $14.7M Sale of Industrial Park in Washington

EVERETT, WASH. (Sept. 13, 2023) – Coldwell Banker Commercial Danforth recently completed the $14.7 million sale of an industrial park in Everett, Wash. The brokerage represented buyer Mina Properties VIII, one of its long-term investor clients. The seller was BFS Operations LLC.Occupying 31.6 acres at 3200 35th Ave. NE, the park consists of four buildings totaling 94,000 square feet. With easy access to both I-5 and SR 529, the location provides easy access to ports, cities, and towns along the I-5 corridor, only nine minutes from downtown Everett and 38 miles from Seattle.Broker Michael Fear said that Mina Properties VIII intends to maintain the property as a multi-tenant investment. The seller was BFS Operations LLC.“This property went into contract quickly after listing, with multiple local and national prospective buyers,” said Fear. “The size and proximity to a strong industrial market with highway, port, and railroad access made this property desirable.”For further information, contact commercial broker Michael Fear at mikef@medwardscre.com | 206-755-8856, or Bob Fredrickson, CCIM, president of Coldwell Banker Commercial Danforth, at bfredrickson@cbcworldwide.com | 206-595-7232.About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Danforth, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin GuhlEmail: kevin.guhl@cbhomeoffice.comPhone: 973-407-5916 

Aug 17, 2023

Atlanta's Jelani Linder Honored As Top Commercial Agent by National Association of Real Estate Brokers

ATLANTA (Aug, 17, 2023) – Coldwell Banker Commercial is pleased to congratulate Jelani Linder, a broker affiliated with Coldwell Banker Commercial Metro Brokers in Atlanta, for being named “Top Commercial Agent” by the National Association of Real Estate Brokers (NAREB) on its inaugural Top 100 Awards list. Linder was one of 16 Coldwell Banker agents and managers celebrated for their contributions to the real estate industry at NAREB’s 75th annual convention in Houston. Together, these recognized professionals contributed to a staggering $1.8 billion-plus in transactions in 2022. Linder specializes in land brokerage and investment sales and has been working to shape the future of urban development in the Metro Atlanta Region. He is licensed in Georgia, Florida, and Tennessee. With nearly a decade of real estate experience, Linder has been the top producer at Coldwell Banker Commercial Metro Brokers since 2019, following his consistent placement in the top 10% in preceding years. In both 2021 and 2022, Linder ranked among the top 2% nationally for production at Coldwell Banker Commercial. He holds a master's degree in urban planning from the University of Georgia and serves on the planning and zoning committee for the City of Stone Mountain.  Additionally, Linder co-chairs a non-profit organization focused on driving economic development in Stone Mountain Village. He is an esteemed member of the Atlanta Commercial Board of Realtors, the CCIM (Certified Commercial Investment Member) organization, and the Urban Land Institute. NAREB is dedicated to enhancing the business conditions of it NAREB® Realtist® members by strengthening the consumer capacity of Black, minority, and emerging target market segments that Realtists® serve. Coldwell Banker is the first sponsor to curate courses for NAREB members to bolster the organization’s career development programs. “It was an honor to attend the 75th annual NAREB conference, where I was able to connect with so many members and learn from their expertise. NAREB is at the forefront of driving diversity and fair housing in real estate. Our many affiliated agents recognized in their Top 100 Awards should be very proud of their achievements as industry champions and outstanding real estate experts. Coldwell Banker is a proud sponsor of this organization and we look forward to expanding our relationship with them,” said Liz Gehringer, president and CEO of Anywhere Franchise Brands, and acting president of affiliate business and COO of Coldwell Banker Real Estate LLC. About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Metro Brokers, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin Guhlkevin.guhl@cbhomeoffice.com 
973-407-5916

Aug 14, 2023

Coldwell Banker Commercial Evergreen Olympic Realty Welcomes Terry Wilson and Spencer Ingrim

Olympia, Washington: Coldwell Banker Commercial Evergreen Olympic Realty, Inc, is pleased to welcome two exceptional and experienced commercial real estate brokers to its team - Terry Wilson and Spencer Ingrim. Each has a long history of expertly guiding clients to the most successful outcomes with their commercial real estate needs, including sales, purchases, and leasing of office, industrial, retail, and multifamily properties. Terry Wilson has a unique background that has provided him with a solid balanced perspective of business challenges and needs. In addition to many years as a real estate broker, he has been a business owner, a VP at a publicly traded company, and a state government employee. Terry understands that business people want timely, accurate communication and they want information and data that is precise and professionally presented. Spencer Ingrim has a diverse background in commercial real estate having worked at two regional brokerages on the west coast. His experience overseeing and managing property operations of 11 retail shopping centers totaling 2.8 million square feet in California has provided him with unique and critical insights into the needs of both tenants and property owners. More recently, Spencer has focused on the commercial retail market in the Puget Sound region, specializing in real estate development, redevelopment, project management, budgeting, and commercial management of retail shopping centers. They join a group of some of the most experienced brokers in Thurston County, including Debbie Draper-Aikins, who herself has decades of experience expertly advising clients with their commercial real estate. The addition of Terry and Spencer further strengthens the firm’s collaborative service offerings to its many clients and the area’s business and property owners. About Coldwell Banker Commercial Evergreen Olympic Realty, Inc. This Olympia, Washington-based real estate company is the county’s longest-established, locally-owned real estate firm. The firm was established in 1968 and has been a market leader in both commercial and residential sales across the region. A second-generation, family-run business, everyone at the firm prides themselves on a client-first approach that starts with the best local knowledge and deepest understanding of the real estate sales and leasing processes.

Aug 7, 2023

Coldwell Banker Island Properties Launches New Commercial Real Estate Division

Kihei, HI – August 3, 2023 - Coldwell Banker Island Properties, a renowned leader in Hawaii's residential real estate sector, is thrilled to announce the launch of its new commercial real estate division. With this expansion, the company broadens its services to include commercial real estate sales and commercial property management.This move underscores Coldwell Banker Island Properties' commitment to holistic real estate solutions, effectively serving the needs of clients across both residential and commercial spheres. The new commercial division will provide comprehensive services, helping clients to buy, sell, lease, and manage commercial properties throughout the Hawaiian Islands."Coldwell Banker Island Properties has always been committed to providing unmatched real estate services in the Hawaiian region," said Steve Houle, President of Coldwell Banker Island Properties. "This new expansion into commercial real estate will allow us to serve our clients' diverse needs even more effectively. Whether it's a local business seeking new premises, an investor looking for commercial opportunities, or a property owner in need of reliable management services, our new division is poised to deliver exceptional service."The commercial division's team will leverage its vast knowledge and experience to assist clients in navigating the complexities of commercial real estate, providing valuable insights on market trends and opportunities. The new division is led by commercial real estate veterans Brian Yano and Chris Millen who both joined Coldwell Banker Island Properties from JLL.As Vice President and Managing Director, Yano has been instrumental in the launch of the commercial division. In this role, he will lead property, project, and facilities management services statewide. Previously Yano held positions with JLL, A&B Properties, CBRE, Colliers, and Maui Memorial Medical Center.Leading commercial sales and leasing will be Chris Millen, CCIM, who serves as Vice President. In this position, Chris will oversee commercial sales and leasing across the Hawaiian Islands. Chris's notable career highlights include significant investment sales and projects such as 505 Front Street, Kukui Mall, Coco Palms Resort, Fairway Shops, and Napili Plaza, which reflect his strong command of the Hawaiian commercial real estate market.With the launch of its commercial division, Coldwell Banker Island Properties completes a key component in its robust real estate ecosystem which already includes residential sales, property management, and vacation rental management. By offering a seamless experience in all aspects of real estate, clients continue to benefit from the company’s reputation for integrity, customer service, and deep local knowledge."We look forward to the new opportunities that our commercial division will bring," said Steve Houle. "With our innovative approach, vast network, and commitment to excellence, we will continue to shape the future of the Hawaiian real estate market."              About Coldwell Banker Island PropertiesSince 1995, Coldwell Banker Island Properties has provided our clients with exceptional real estate services from start to finish. This commitment to excellence has propelled us to become the #1 real estate brokerage across Maui, Hawaii Island, and Kauai. Backed by an international reach, integrated marketing, and the latest market data, we strive to help our lifelong clients make the most informed real estate decisions possible. The brokerage is comprised of nearly 600 agents in 14 offices across Hawaii. In 2022, the brokerage closed 2,359 transactions totaling $2.3 billion.###

Jul 26, 2023

Coldwell Banker Commercial Lewis Realty Group Closes Sale Of 93-Plus-Acre C4-Zoned Property In El Paso, Texas

EL PASO, TEXAS (July 25, 2023) – Coldwell Banker Commercial Lewis Realty Group is pleased to announce that it recently completed the sale of a 93.308-acre property located at the southeast corner of Zaragoza Rd. and Montana Ave. in El Paso, Texas. The listing price of the property was $24,386,000. “It was a pleasure to represent the seller, River Oaks Properties, Ltd., and the buyer, Wagner Equipment Company, in the sale of this prime property in a desirable location of El Paso,” said Tommy Lewis, principal of Coldwell Banker Commercial Lewis Realty Group. The 93-plus acre parcel is zoned C4 for commercial development. The buyer, Wagner Equipment Company, is headquartered in Aurora, Colorado. About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Lewis Realty Group, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:Kevin Guhl, kevin.guhl@cbhomeoffice.com 973-407-5916

Jul 26, 2023

Coldwell Banker Commercial Realty Represented Both Sides Of $3.25m Mixed-Use Sturcke Building Sale In Westfield, N.J.

WESTFIELD, N.J. (July 25, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it represented both the buyer and the seller in the $3.25 million sale of the Sturcke building, a 14,630 square-foot, mixed-use structure offering five retail units and 13 second-floor offices. The building is located at 107-115 Quimby Street in downtown Westfield. Douglas Feigel, broker associate with Coldwell Banker Commercial Realty, represented the buyer, Ralph Rapuano, Jr., a local investor who plans to continue the legacy of the building and its use as income-producing, tenanted commercial units. The seller is undisclosed. The one-year listing was under contract in 11 months. “I was happy to work with trusted clients on both sides of the transaction,” said Feigel. “The original property owners constructed and then operated the Sturcke building for decades, followed by the latest seller who were hands-on landlords for more than three decades. Most of the tenants are local to the area and look forward to meeting the new owner. Ralph takes pride in knowing the deal is complete and expects to be hands-on like the previous ownership for many years into the future.” About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin Guhl, kevin.guhl@cbhomeoffice.com973-407-5916

Jul 18, 2023

Coldwell Banker Commercial and CompStak Form Strategic Partnership to Empower Brokers with Comprehensive Commercial Real Estate Data

Madison, N.J. (July 18, 2023) - Coldwell Banker Commercial®, a renowned name in the commercial real estate industry and Anywhere brand (NYSE: HOUS) is pleased to announce its strategic partnership with CompStak, the leading provider of commercial real estate lease and sales comp data. This collaboration brings together two powerhouses in the field, aiming to enable brokers to access accurate, reliable, and up-to-date CRE data. As brokers navigate the dynamic landscape of commercial real estate, having access to granular and vetted data is essential for making informed decisions and driving successful transactions. The partnership between Coldwell Banker Commercial and CompStak aims to address this critical need by leveraging the strengths of both companies' wide-sweeping networks of CRE professionals across the US. CompStak has established itself as a leading provider of CRE data, amassing a vast and diverse database of crowd-sourced commercial property information. Their proprietary technology and robust platform aggregate and authenticate data from a large network of 35,000+ professionals at brokerages and appraisal firms, ensuring accuracy and completeness. With millions of data points on lease comparables, sales comparables, and property information, CompStak has become an indispensable resource for brokers seeking reliable insights. Coldwell Banker Commercial, a highly respected brand with a rich history in the commercial real estate industry, brings its extensive network of brokers and market expertise to the partnership. With a presence across the United States and internationally, Coldwell Banker Commercial is well-positioned to leverage CompStak's data to benefit its brokers and clients. Through this partnership, brokers affiliated with the Coldwell Banker Commercial brand will gain access to CompStak's comprehensive data platform, giving them a competitive edge in the marketplace. Brokerage professionals can now access rental rates, terms, concessions, property details, and other essential data points quickly and conveniently, enabling them to make data-driven decisions and deliver exceptional value to their clients. "We are thrilled to partner with Coldwell Banker Commercial," said Michael Mandel, Co-Founder & CEO of CompStak. "We've had a longstanding friendship with CBC's leadership and its brokers throughout the country who have found tremendous value in our data and analytics platform for years. We're very excited to formalize that relationship and build for the future." "We are excited to join forces with CompStak," said Dan Spiegel, SVP and Managing Director of Coldwell Banker Commercial. "Their dedication to data accuracy and innovation aligns perfectly with our commitment to delivering exceptional service to our brokers and clients. By providing our brokers with access to CompStak's platform, we are further enhancing our ability to meet the evolving needs of the commercial real estate market." This partnership reflects the shared commitment of CompStak and Coldwell Banker Commercial to provide brokers with the resources necessary to thrive in an increasingly data-driven industry. Equipping brokers with accurate and quality data can enhance their market expertise, build stronger relationships with clients, close deals quicker and more efficiently, and thrive in today's ever-changing marketplace.  About CompStakCompStak is the leading platform for reliable and accurate CRE lease and sales comp data. Our data is crowdsourced from a large network of 35,000+ professionals at brokerages and appraisal firms and then rigorously verified by our team of real estate data experts. We are trusted by real estate investors, lenders, asset managers, brokers, and appraisers who rely on our data to drive their business forward.  About Coldwell Banker CommercialThe Coldwell Banker Commercial® brand provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial system comprises almost 200 offices and more than 3,000 affiliated professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.

Jun 20, 2023

Experienced Broker Keren Mizrahi Affiliates with Coldwell Banker Commercial Realty In Sarasota

SARASOTA, FLA. (June 16, 2023) – Coldwell Banker Commercial Realty is pleased to announce that esteemed broker Keren Mizrahi has affiliated with the company, serving its clients in the Sarasota area. With a successful track record spanning over a decade, Mizrahi has been assisting commercial real estate investors on the west coast of Florida since 2010. Her extensive expertise and comprehensive understanding of the market have earned her a stellar reputation as a trusted advisor. Throughout her career, Mizrahi has effectively represented buyers, sellers, tenants, and landlords in a wide range of domestic and international transactions. Her unparalleled knowledge and firsthand experience in managing her own investments have equipped her with the skills to handle even the most complex real estate deals. Born and raised in Jerusalem, Israel, Mizrahi served in the Israeli Defense Army as a combat soldier. She brings a unique multicultural perspective to her work and is fluent in both Hebrew and English, allowing her to serve clients from diverse backgrounds. In her free time, Mizrahi prioritizes her family and actively engages in the local community. As a dedicated mother of three, she has a vested interest in the success of the local school systems and passionately supports youth competitive sports, as well as YMCA training. Mizrahi's exceptional qualifications and commitment to professionalism are reflected in her impressive education and designations. She holds a bachelor’s degree in communications and business management from the College of Management Studies in Israel. Additionally, she is a Certified Commercial Investment Member (CCIM) and holds designations as an Accredited Commercial Professional and Short Sales and Foreclosure Specialist. Mizrahi is an active member of prominent industry organizations such as the Commercial Real Estate Alliance, Florida CCIM Chapter - West Coast District, REALTOR® Association of Sarasota and Manatee, the National Association of REALTORS®, and the North Port Area Chamber of Commerce. As a commercial broker associate, Mizrahi specializes in various investment opportunities within the Sarasota area. Her areas of expertise include office spaces, investment properties, medical facilities, and multifamily properties. Mizrahi's unparalleled market knowledge, combined with her dedication to achieving clients' goals, make her an invaluable asset to the Coldwell Banker Commercial Realty team. To get in touch with Keren Mizrahi and benefit from her expertise, please contact her at 941.726.3816 or via email at keren.mizrahi@cbrealty.com. About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin GuhlEmail: kevin.guhl@cbhomeoffice.com 
Phone: 973.407.5916

Jun 13, 2023

Coldwell Banker Commercial Realty Represented Both Sides of $3.3M Retail Building Sale in North Hollywood

NORTH HOLLYWOOD, CALIF. (June 12, 2023) – Coldwell Banker Commercial Realty is pleased to announce that it represented both the buyer and the seller in the $3.3 million sale of a single-story, 10,192 square-foot single-tenant NNN retail property on 0.29 acres of land at 6522-6528 Laurel Canyon Blvd. in North Hollywood. Eric Sackler, a broker associate with Coldwell Banker Commercial Realty, represented the seller of the “Shoe City” property - a family who has owned the property for more than 50 years. According to Sackler, his three-week marketing period generated 16 offers and closed escrow with an all-cash offer five weeks later. “The tenant is paying below-market rent in an expanding market with only three years left on their lease, providing the buyer an opportunity to either occupy the building themselves or re-tenant it at much higher rents,” said Sackler. “This is a high-traffic corridor of Laurel Canyon in the city of North Hollywood, surrounded by retailers such as Target, Smart & Final, Ross, and Burlington.” About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.  ###Media Contact:
Kevin GuhlEmail: 
kevin.guhl@cbhomeoffice.com
Phone: 973-407-591

May 18, 2023

The Metro Boston Group Expands Reach Into Greater Boston Neighborhoods and South Shore Markets

BOSTON (May 17, 2023) – The Metro Boston Group, a leading real estate firm, is proud to announce the expansion of its commercial sales services into the Greater Boston neighborhoods and South Shore markets. This expansion comes in response to recent successes and client demand for a greater presence in these areas. To lead this expansion, Karim Evans has been appointed as commercial sales advisor. With his wealth of experience in investment acquisition, sales, leasing and asset management, Evans is well-suited to support local businesses and help The Metro Boston Group target the highest and best-use potential of its clients. “Our efforts are dedicated to assisting small to mid-size clients who are often overlooked by larger national and regional real estate companies. Traditionally, these are non-institutional owners, investors, family-owned trusts with generational assets, and developers who are searching for the full level of service they deserve,” said Albert Bouchie, broker advisor of The Metro Boston Group at Coldwell Banker Commercial. “Karim's skills and commitment to building thriving local economies align perfectly with our goal of serving Main Street-Down the Street commercial property owners and investors and helping them reach their full potential.”Evans will be responsible for expanding The Metro Boston Group’s brand awareness by leveraging his extensive market knowledge and client base. He is committed to generating long-term capital appreciation for his clients’ investment portfolios and is always available to answer any questions about the commercial real estate market."We are excited to have Karim on board as our commercial sales advisor,” said Bouchie. “His personal interest in supporting local businesses and dedication to customer service make him a valuable asset to our team.” For more information about The Metro Boston Group's commercial sales services, please contact Karim Evans at (857) 763-7771 or karim.evans@cbrealty.com. For more information about The Metro Boston Group, please visit www.cbcboston.com.About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   ###

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